Bitcoin Cash (BCH) Price Slides Amid Mt. Gox Withdrawals, While Chainlink (LINK) Supply Drop Indicates Potential Bullish Trend

The Bitcoin Cash price has experienced increased selling pressure recently, dipping by 5% to $368. This decline followed the commencement of the Mt. Gox repayment program

Bitcoin Cash price dropped 5% amid increased withdrawals following Mt. Gox’s repayment program, while Chainlink (LINK) supply on exchanges decreased from 23.0% to 21.4%, signaling potential bullish momentum.

Fresh out of the oven: BlockDAG revealed its top leadership, creating a buzz in the crypto community.

After the announcement, CEO Antony Turner gave an insightful interview discussing BlockDAG’s vision and features.

Following this event, BlockDAG’s presale continues to surge, reaching $63.9 million by raising $1 million in a day during the current Batch 21.

The price increased from $0.0164 to $0.017 within the batch, positioning it among the top crypto projects to watch with this milestone.

Bitcoin Cash Value Slides Amid Mt. Gox Withdrawals

The Bitcoin Cash price has experienced increased selling pressure recently, dipping by 5% to $368. This decline followed the commencement of the Mt. Gox repayment program, where creditors began withdrawing their BCH and BTC from Kraken.

The program’s success was confirmed by Kraken CEO David Ripley, who highlighted the distribution of 48,641 BTC. Additionally, Mt. Gox transferred significant BTC to Bitstamp, further impacting market prices. Despite the current dip, analysts predict a potential 41% rally to $529 if the bullish reversal pattern on the price chart holds.

Chainlink Supply Drop Indicates Potential Bullish Trend

Chainlink's (LINK) supply on exchanges has significantly decreased from 23.0% to 21.4% over the past 30 days, signaling a potential bullish surge. This reduction in supply mirrors a similar pattern observed in the past, where LINK surged by 123%. Technical indicators, including the TD Sequential buy signal and a completed falling wedge pattern, suggest a bullish trend reversal.

As investors move their tokens to long-term storage, reducing immediate selling pressure, LINK appears poised for substantial growth. The combination of reduced supply, positive technical indicators, and historical trends supports a favorable outlook for Chainlink.

BlockDAG’s CEO Details Vision & Innovative BlockChain Tech

BlockDAG recently unveiled its core team, including CEO Antony Turner, CSO, and two board advisors. These leaders have been instrumental in BlockDAG's success since its inception. Following the team reveal, Turner shared his journey into the crypto industry, emphasizing the challenges and innovations that shaped his career.

"Our vision is to launch a blockchain that addresses the limitations of other chains today in terms of speed, decentralization, and efficiency," Turner said.

Turner's experience spans various sectors, from co-founding a crypto index fund to leading digital asset investment companies. He highlighted the need for blockchain to coexist with traditional finance, aiming to create a more integrated and efficient ecosystem. Turner compared his role to a sports team captain, focusing on building the best team, overcoming challenges, and planning for the future. He stressed that BlockDAG aims to incorporate the best innovations from multiple chains, enhancing speed and efficiency while maintaining decentralization.

BlockDAG’s unique features and innovative approach set it apart from other blockchain projects. By leveraging the directed acyclic graph (DAG) technology, BlockDAG enables parallel transaction execution, addressing the speed and cost issues of traditional chains. Turner emphasized the project’s dedication for continuous improvement and transparency, while aiming to attract developers and create a robust ecosystem.

The presale success reflects strong investor confidence, with over 92,000 participants contributing more than $63.9 million. The ongoing presale has reached Batch 21, where each BDAG coin is priced at $0.017, marking a 1600% growth since Batch 1. BlockDAG’s successful presale has sights set on achieving $600 million milestone. Turner expressed gratitude for the support and outlined plans for further developments, including listing on multiple exchanges and encouraging third-party projects on the BlockDAG network.

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